All Projects

Austin, TX addresses the impacts of gentrification on home ownership with Community Land Trust

Austin, TX Community Land Gentrification Home Ownership

In Progress

The Austin Community Land Trust (ACLT) offers 24 units at below-market prices to eligible buyers. Applicants earning 65% of the local median family income and living in gentrified census tracts entered into a lottery for purchasing opportunities. The pilot reduces the overall costs of home ownership by selling homes but leasing land at minimal costs for 99 years. City officials designed the ACLT pilot to expand affordable housing access in a tight housing market.

AT

Austin, TX

Municipality in Texas

US flag

United States

Links

Home | Austin Housing Finance Corporation

Austin Community Land Trust creates affordable home ownership opportunities in Austin. Buy your first home in Austin at an affordable price.

Newsworthy

More from Austin

Austin, TX evaluates the impacts of Archistar's eCheck assessment tool on permit review times
Austin, TX makes sustainable transportation more affordable with its Electric Ride Rebate program

Related Projects

San Francisco, CA streamlines conversion of office spaces into residential units
Tempe, AZ pilots GPS traffic signal priority system

🚫 To join the discussion, sign up. It's free!

  • About
  • Advertise
  • Help
  • Blog
  • Terms of Service
  • Privacy
  • Cookie Policy
  • Contact

© 2024 Govlaunch Inc.